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these parties are big tents. speaker boehner has a land that a lot of tea party people aren't wild about. tell me, if you were in the senate and speaker boehner's bill came to the senate, would you vote yes or no on it? >> i would not i've said from the beginning what we need to do is be focused. we have to focus on what we want to accomplish. the principles we want to accomplish is to balance the budget and limit the size and scale of government. there's only one continuing that does that as rand paul just said, the american public supports a balanced budget amendment. we can say mr. president, i'm happy to negotiate on cuts right now. i'm happy to do less cuts right now if that -- if you feel that's the worst thing for the economy, fine. let's agree to balance the budget as rand said, seven to eight years is what it would take into effect. that give us a timeline to get there. it gives the market the certainty that the budget will be balanced. that we will get our fiscal house in order. we will have limited gov
these parties are big tents. speaker boehner has a land that a lot of tea party people aren't wild about. tell me, if you were in the senate and speaker boehner's bill came to the senate, would you vote yes or no on it? >> i would not i've said from the beginning what we need to do is be focused. we have to focus on what we want to accomplish. the principles we want to accomplish is to balance the budget and limit the size and scale of government. there's only one continuing that does...
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>>neil: you are a big wall streeter and big investor and i love guys like you but the fact is i would not bet our financial future on guys like you. what i am saying is not to be critical but if we put all our eggs in the wall street day-by-day gyrations and respond to a big temper tantrum thinking if we give them this, it will calm down, it depends what you give them and whether what you give them is long term in the interests of our country. many will argue maybe not. >>guest: you are 1,000 percent broughts in bigger spoiled broughts than market. >>neil: well, you have not met my children. >>guest: and the traders do not care. they know. they understand the real armageddon but that is good enough for wall street. you saw the rebound after we thought greece was rebounded. a heck of a rebound, one week. >>neil: and we realized it was crappy. >>guest: you are right. to try to appease wall street is a huge mistake. the federal deserve does it all the time and the government does et all the time but they play games. washington and wall street. they use each other. >>neil: you are saying
>>neil: you are a big wall streeter and big investor and i love guys like you but the fact is i would not bet our financial future on guys like you. what i am saying is not to be critical but if we put all our eggs in the wall street day-by-day gyrations and respond to a big temper tantrum thinking if we give them this, it will calm down, it depends what you give them and whether what you give them is long term in the interests of our country. many will argue maybe not. >>guest: you...
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>>guest: that is the big picture risk down the road. i for think, though, there is not that many other places to go for the amount of money that a china or someone like that has to park somewhere. but longer term it does create pressure on interest rates potentially. >>shepard: how quickly could people notice something if the politician whose created this screw it up further? >>guest: the stock could get spooked and that would be the most immediate response and affect on people's psychology. i don't actually think that interest rates will surge immediately upon this because there are other mechanical factors keeping the treasuries moving along but it would not take too long beyond the august 2nd deadline. by the way, in 17 government shut downs, since 1970's, an average of three days so we have done this before. it is not exactly virgin territory. >>shepard: the part that we will not pay our debt. >>guest: no one is saying default. they are saying we will not be able to borrow were more. >>shepard: and brand new information from our chi
>>guest: that is the big picture risk down the road. i for think, though, there is not that many other places to go for the amount of money that a china or someone like that has to park somewhere. but longer term it does create pressure on interest rates potentially. >>shepard: how quickly could people notice something if the politician whose created this screw it up further? >>guest: the stock could get spooked and that would be the most immediate response and affect on...
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that's a big sticking point. there are things called triggers which would -- you know, if people walked away from these committees, they're supposed to find more savings, without getting too into those details, there are sticking points, but there are ongoing discussions about getting to something before tuesday. those are involved -- some of the members of the gang of six are involved in those discussions. scenario durbin of illinois, senator chambliss, others are involved, and so are the senate minority leader and majority leader. i don't think we'll see -- if we see this projection in the senate tonight -- rejection in the senate tonight, i don't think we'll see anymore tonight. hopefully over the weekend they cobble something together. >> this is one of the arguments that john boehner is making right now. this is why this needs to pass. if this doesn't pass we're not in the conversation anymore. we are silent. if this passes, then you can imagine some kind of a compromise along the lines of what a.b. is talki
that's a big sticking point. there are things called triggers which would -- you know, if people walked away from these committees, they're supposed to find more savings, without getting too into those details, there are sticking points, but there are ongoing discussions about getting to something before tuesday. those are involved -- some of the members of the gang of six are involved in those discussions. scenario durbin of illinois, senator chambliss, others are involved, and so are the...
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that was a big -- that was a big moment for him. i think right now we're at a point much like we were with -- before the government -- almost government shutdown a few months ago, where you have boehner and harry reid, who is a deal-maker, don't forget, and reid actually, despite that shot across the bow today by the 53 senators, harry reid is a deal-maker. he doesn't have taxes in that plan that he has. they both -- both those figures emerged pre-- you know, during the budget battle that led to the -- that forestalled the government shutdown. they emerged as the major figures there. i think that's what we'll see. we'll see those two emerge, a deal eventually go to the white house. if this white house really thinks this is a catastrophe waiting to happen, it's going to have to deal with it. >> bret: charles, they may say in this letter that this deal won't pass the senate, but you have a number of democrats who are up for re-election from red-leaning states, who would have to vote on the boehner plan, that by numbers is not that dif
that was a big -- that was a big moment for him. i think right now we're at a point much like we were with -- before the government -- almost government shutdown a few months ago, where you have boehner and harry reid, who is a deal-maker, don't forget, and reid actually, despite that shot across the bow today by the 53 senators, harry reid is a deal-maker. he doesn't have taxes in that plan that he has. they both -- both those figures emerged pre-- you know, during the budget battle that led...
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we are doing it against big odds because he's got the bully pulpit in the white house. the democrats control the senate. but the house republicans are doing everything they can to steer this debate and we want in the senate, we want to have an opportunity to join them many we hope we will get that chance when the winner -- when the boehner plan comes our way. >> sean: thank you senators. michelle malkin is here. we'll get her reaction to senator reid accusing speaker boehner of caving to the tea party movement and the attacks again the tea party that took place in the "wall street journal" and the wee [ male announcer ] to the 5:00 a.m. scholar. the two trains and a bus rider. the "i'll sleep when it's done" academic. for 80 years, we've been inspired by you. and we've been honored to walk with you to help you get where you want to be ♪ because your moment is now. let nothing stand in your way. learn more at keller.edu. it's the cleanest, clearest water. we find the best, sweetest crab for red lobster we can find. yeah! [ male announcer ] hurry in to crabfest at red l
we are doing it against big odds because he's got the bully pulpit in the white house. the democrats control the senate. but the house republicans are doing everything they can to steer this debate and we want in the senate, we want to have an opportunity to join them many we hope we will get that chance when the winner -- when the boehner plan comes our way. >> sean: thank you senators. michelle malkin is here. we'll get her reaction to senator reid accusing speaker boehner of caving to...
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we are doing it against big odds because he's got the bully pulpit in the white house. the democrats control the senate. but the house republicans are doing everything they can to steer this debate and we want in the senate, we want to have an opportunity to join them many we hope we will get that chance when the winner -- when the boehner plan comes our way. >> sean: thank you senators. michelle malkin is here. we'll get her reaction to senator reid accusing speaker boehner of caving to the tea party movement and the attacks again the tea party that took place in the "wall street journal" and the weekly standard, coming up. my doctor told me calcium is besabsorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. ♪ ♪ i like dat, all right [ male announcer ] mio. a revolutionary water enhancer. add a little...or a lot. for a drink that's just the way you like it. make it yours. make it mio. it's the cleanest, cle
we are doing it against big odds because he's got the bully pulpit in the white house. the democrats control the senate. but the house republicans are doing everything they can to steer this debate and we want in the senate, we want to have an opportunity to join them many we hope we will get that chance when the winner -- when the boehner plan comes our way. >> sean: thank you senators. michelle malkin is here. we'll get her reaction to senator reid accusing speaker boehner of caving to...
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but, there are a lot of questions about who the big winners and hot big losers could be. based on how this plays out in the hours ahead. one person having a hard time getting done what he said he would do is the united states. plan crmpleted is for this to come up again around christmas. >> yeah, maybe it might be counter intuitive to say amid all this chaos optimism in washington. get a deal in the next couple of days. they are starting to talk democratic officials are in private about what might be called a plan c. the boehner bill, the reid bill, they say these two are not that far apart on in terms of spending cuts. and in terms of the fact that both of them want to set up special committees in congress to come up with another round of spending cuts down the road. over the long haul. and they say the big sticking point what are the enforcement mechanisms. how do you make sure this committee on congress comes together. not some other washington commission that does a study, puts it on a shelf somewhere where it collects dust. how does it have some teeth to it working o
but, there are a lot of questions about who the big winners and hot big losers could be. based on how this plays out in the hours ahead. one person having a hard time getting done what he said he would do is the united states. plan crmpleted is for this to come up again around christmas. >> yeah, maybe it might be counter intuitive to say amid all this chaos optimism in washington. get a deal in the next couple of days. they are starting to talk democratic officials are in private about...
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it gets better, it gets big. >> this is the fox nooks alert, a final house vote on speaker boehner's plan is set to happen shortly. keep it here. we'll bring you the live vote as it happens. hello, everybody. this is 5:00 on the east coast. this is "the five. we've got a lot to cover tonight. first an outrageous comparison in the "new york times" between the tea party and hezbollah. we have thomas friedman's shameless comments ahead. plus a 2012 round-up, and why michele bachmann is hoping rick perry doesn't throw his hat in the ring. and this, julia roberts banned in the uk. we'll they you why. those stories and much more. "the five" starts right now. we're waiting on the host to hold a final vote on the boehner plan. quickly the highlights of the plan. the plan will cut and cap discretionary spend buying $917 over the next ten years, and louvre the debt ceiling to rise by $900 billion immediately. but this one, very importantly, no new revenue, no tax increase. after the bill passes, which i think it probably will, the democrats have three options. they have cut, cap and balance al
it gets better, it gets big. >> this is the fox nooks alert, a final house vote on speaker boehner's plan is set to happen shortly. keep it here. we'll bring you the live vote as it happens. hello, everybody. this is 5:00 on the east coast. this is "the five. we've got a lot to cover tonight. first an outrageous comparison in the "new york times" between the tea party and hezbollah. we have thomas friedman's shameless comments ahead. plus a 2012 round-up, and why michele...
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big day today, but the big drama on capitol hill will hardly be limited to the house floor. some leading democrats are talking about a back-up plan in case a final deal is not reach inside time. assistant minority leader james clyburn saying that do 14th -- the 14th amendment gives president obama the right to raise the debt limit on his own by simply signing an executive order. he said he won't, but would he ever go that route? let's bring in constitutional lawyer mike car vel. welcome, good to have you here today. >> thanks a lot. martha: basically, if president were to change his mind or might be forced to rethink his decision on that based on the fact there is no deal if that's where we come to this, would he have the constitutional backing, in your mind, to make that decision, to say i'm just going to raise the limit, that's what i need to do? >> no. that would be clearly and blatantly unconstitutional. what representative clyburn and the treasury secretary have omitted is the 14th amendment says that the public debt authorized by law cannot be questioned. so if he's ma
big day today, but the big drama on capitol hill will hardly be limited to the house floor. some leading democrats are talking about a back-up plan in case a final deal is not reach inside time. assistant minority leader james clyburn saying that do 14th -- the 14th amendment gives president obama the right to raise the debt limit on his own by simply signing an executive order. he said he won't, but would he ever go that route? let's bring in constitutional lawyer mike car vel. welcome, good...
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things done, we can -- washington can still get big things done. this is about continuing to have a strong economy and continuing to compromise and take maybe a couple chapters out of tip o'neil, bob michael, ronald reagan, president clinton, people that have served in this town with distinction and gotten big things done through compromise. >> jay? >> some house republicans said that they've already compromised and that's what the boehner bill is, it is a compromise. >> well, i'm going to let jay -- >> oh, come on! >> i'm going to let jay do his job here. i'm not here to take his job. i'm here to try and put forth a message that in one of the highest unemployment sectors in the country, where we have friends and neighbors all over the country that are out of work during the construction season, they ought to go back to work. they shouldn't be held hostage. these projects shouldn't be held hostage, and we have 4,000 faa employees through no -- hardworking people that come to work every day and do their jobs. >> can you explain what the bottleneck i
things done, we can -- washington can still get big things done. this is about continuing to have a strong economy and continuing to compromise and take maybe a couple chapters out of tip o'neil, bob michael, ronald reagan, president clinton, people that have served in this town with distinction and gotten big things done through compromise. >> jay? >> some house republicans said that they've already compromised and that's what the boehner bill is, it is a compromise. >> well,...
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jon: a fox news alert and big doings on capitol hill. we're awaiting a vote in congress on house peeker -- speaker boehner's plan. the cloture vote just started on this rule a short time ago. house minority leader nancy pelosi weighed in. take a listen. >> let me say this, i'm very proud of the enthusiasm in our caucus for something other than the boehner bill. the boehner bill will not pass because it has democratic votes. jon: well, we are going to keep you updated. it doesn't sound like there's a lot of optimism from the democratic side of the aisle, but things can change. we'll keep you posted as we get closer to the actual vote. jenna: well, certainly the debt crisis is something we're going to be paying close attention to, but we have to get to other news as well. two years ago this sunday three americans hiking in iraq requester arrested on charge -- were arrested on charges they crossed a marker to iran. shane bauer and josh fatale are still being held in an iranian prison on espionage charges. they have a hearing set for this su
jon: a fox news alert and big doings on capitol hill. we're awaiting a vote in congress on house peeker -- speaker boehner's plan. the cloture vote just started on this rule a short time ago. house minority leader nancy pelosi weighed in. take a listen. >> let me say this, i'm very proud of the enthusiasm in our caucus for something other than the boehner bill. the boehner bill will not pass because it has democratic votes. jon: well, we are going to keep you updated. it doesn't sound...
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these clothes are too big, so i'm donating them. how'd you do it? eating right, whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios... five whole grains, 110 calories. i go to e-trade and tap into the power of revolutionary mobile apps to trade wherever. whenever. life isn't fully experienced sitting idly by. neither is investing. [ birds chirping ] bill: there was an illegal border crossing of a very different sort, nearly three dozen mexican soldiers packed into four different humvees ending up on america's side of the border near donna, texas, and now u.s. border agents saying they were sent back to mexico after they were confused about where the border was. >> i couldn't answer whether they were armed or not, but i can tell you that they were conducting their work that they do as military, and somehow they lost sight of the boundary line and entered u.s. territory. bill: so what about all this? chad swede, chief of staff for former homeland security, michael cher to ha
these clothes are too big, so i'm donating them. how'd you do it? eating right, whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios... five whole grains, 110 calories. i go to e-trade and tap into the power of revolutionary mobile apps to trade wherever. whenever. life isn't fully experienced sitting idly by. neither is investing. [ birds chirping ] bill: there was an illegal border crossing of a very different sort,...
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three, and also a chip away at big spending numbers. why would they miss this opportunity? >> you know, i'm not opposed to ideology, i believe it's about principles. this party is astonishingly wreckless and astonishingly in the grip of what a wall street guy called grover nor quist a fiscal terrorist. you have people who are unwilling to think about what it takes to run a country. and we are now looking at a major struggle in this country that's going to play out over the next few years. the size and scale of government and what it means for people who depefd on services on programs that have been part of the fabric of this life as these people try to roll back the 20th -- >> you've been around this racquet a long time, politics. we have some big stories brewing, we have this story, wisconsin. >> yeah. >> i mean, i think they're connected. >> there's a connection. >> there is a huge connection. you have the people rising up and pushing back, a -- and a sea of change taking place. that's where america's talking right now? >> what's goi
three, and also a chip away at big spending numbers. why would they miss this opportunity? >> you know, i'm not opposed to ideology, i believe it's about principles. this party is astonishingly wreckless and astonishingly in the grip of what a wall street guy called grover nor quist a fiscal terrorist. you have people who are unwilling to think about what it takes to run a country. and we are now looking at a major struggle in this country that's going to play out over the next few years....
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and here's what's coming up tonight the big picture it's back to square one for republicans after speaker baiters grand old plan proved only to be a grand debt limit disaster with only five days left with the house to be able to draw up a new deal before a nation of faults and if the right wing continues to inject their most fear mongering rhetoric into american society that our nation faces the same consequences as norway. you need to know this there was supposed to be a vote in the house tonight on speaker john boehner his debt limit plan but instead the chamber is silent why because droves of republicans came out against boners plan yesterday after the c b o said the proposal doesn't quite deliver on its promises innards of his plan save a trillion dollars actually the cvo. only eight hundred fifty billion so just like that better better full poll the vote now just hours ago beta release day revamped proposal saves nine hundred seventeen billion and he's telling his republican colleagues that it's time to get in line so will they listen and can republicans really be taken seriously any
and here's what's coming up tonight the big picture it's back to square one for republicans after speaker baiters grand old plan proved only to be a grand debt limit disaster with only five days left with the house to be able to draw up a new deal before a nation of faults and if the right wing continues to inject their most fear mongering rhetoric into american society that our nation faces the same consequences as norway. you need to know this there was supposed to be a vote in the house...
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so it is a big test. >> some people who are friends of yours have said this isn't fair. your job is to run your party. but there is another party in there too. you have this tea party caucus that didn't come to washington with the same values. >> it is not the tea party caucus. most of the freshmen are frankly in pretty good shape. it would be more what i would describe as some hard-line conservatives who want more. i don't blame them. i want more too. but this was an agreement between the bipartisan senate leaders and myself. it is what's doable. and i think we can get there. >> mr. speaker, is it fair to say you have a bit of a rebellion on your hands? or do you feel -- >> i've got a little rebellion on my hands every day. it comes with the territory. >> you're not worried. >> never let them see you sweat. >> i'm disappointed. i care about john boehner. i think he's a good person. i'm disappointed he's painted himself into this corner. it makes our job over here much more difficult. i hope that the american people will learn pretty soon that we are able to work our way
so it is a big test. >> some people who are friends of yours have said this isn't fair. your job is to run your party. but there is another party in there too. you have this tea party caucus that didn't come to washington with the same values. >> it is not the tea party caucus. most of the freshmen are frankly in pretty good shape. it would be more what i would describe as some hard-line conservatives who want more. i don't blame them. i want more too. but this was an agreement...
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why is today such a big day for so many? peter doocy live in dc with the details. >> at about 3:00 o'clock this afternoon, the house will start debating the boehner bill. that's the one republicans are hoping has the best shot at becoming law. raise the debt limit by $900 billion, then cut spending by $1.2 trillion right now and cut a little bit more a little bit later, six months from now, right in the heart of campaign season. something the republicans who had been resisting supporting this plan are apparently starting to come around. but that doesn't necessarily mean it's got a great shot at becoming law because if it passes the house, it's going to hit a road block in the senate where all 53 democrats said in a letter to speaker boehner yesterday that there is no way they'll support it. they would much prefer their leaders' harry reid's plan, the one that raises the debt limit one time, $2.4 trillion and cuts a little more than that, $2.7 trillion and that would last through the 2012 election and into 2013. but that plan
why is today such a big day for so many? peter doocy live in dc with the details. >> at about 3:00 o'clock this afternoon, the house will start debating the boehner bill. that's the one republicans are hoping has the best shot at becoming law. raise the debt limit by $900 billion, then cut spending by $1.2 trillion right now and cut a little bit more a little bit later, six months from now, right in the heart of campaign season. something the republicans who had been resisting supporting...
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itself.he i keep hearing some members talk about the august 2 deadline as is if it is no big deal. they say they have their owneal theories about when the real deadline is. that just leaves me dumbfounded. i for one i'm going to take the treasury secretary and virtually every economist at their word.ot we need a solution before august august 2 or we risk economicstr. catastrophe. who there are some members who are essentially saying that the treasury can pirate sites payments to avoid default byt b getting social security checks out shouldn't be a problem. i we pro. heard their republican member onon public radio this pt weekend say that a pirate for social security checks taxes in the trust fund. well, yes, we have $2.6 trilliot in assets in the trust fund, but they are all in treasuries securities, not cash. i find it just stunning that a a member of congress let alone a i member of the budget committee understand the most basic functioning of our government. lit now, if there is no debt limit increase, treasury may be able to juggle payments to get social security checks out on
itself.he i keep hearing some members talk about the august 2 deadline as is if it is no big deal. they say they have their owneal theories about when the real deadline is. that just leaves me dumbfounded. i for one i'm going to take the treasury secretary and virtually every economist at their word.ot we need a solution before august august 2 or we risk economicstr. catastrophe. who there are some members who are essentially saying that the treasury can pirate sites payments to avoid default...
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>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a victory of a sort and we can move forward? >> it's movement in the right direction. is it enough, tom, for a guy like me right now? no. i need passage out of both houses. i know that's a tall lift. but i really want my leadership to keep pushing for that. and let's see how this plays out. >> all right. well, i understand -- i fully understand your position, the sense that as you said this is a once in 100-year opportunity for people like you to push the way you are. and we'll see how it plays out. congressman, thanks so much for being
>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a...
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a big portion of this, i guess this goes to the point. one of the things i relief frightened about what we are doing now is that the cuts are doing now is that the cuts are going to be disproportionately at poor people and the vulnerable and senior citizens. >> i also made it very clear that people who are truly in need should qualify and receive the benefits of food stamps. what i said if there were two instances. one was relating to one program, the other to the tanner program. these are things i believe in a bipartisan way we can work to address to assure that those people about whom my friend and i and all of us are concerned will actually get the benefits that are necessary, and we will not have the kinds of problems that both democrats and republicans alike have acknowledged exist with both programs as relates to food stamps. i am going to urge my colleagues to oppose the amendment of my friend from rochester, and those in favor of the slaughter and mehmet will say aye, those opposed will say no -- in favor of the slaughter amendmen
a big portion of this, i guess this goes to the point. one of the things i relief frightened about what we are doing now is that the cuts are doing now is that the cuts are going to be disproportionately at poor people and the vulnerable and senior citizens. >> i also made it very clear that people who are truly in need should qualify and receive the benefits of food stamps. what i said if there were two instances. one was relating to one program, the other to the tanner program. these...
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ben's a re/max agent, and he's a big part of this community. there are lots of reasons why re/max agents average more sales than other agents. experience, certainly. but maybe it's also because they care about the markets they serve and the neighbors who rely on them. nobody sells more real estate than re/max. we need to decrease federal spending. we need to decrease our deficit. the last thing we need is to >>> we are following a live debate on the house floor on speaker boehner's debt bill and you may not know it, but the last country to default on the debt was jamaica in 2010. yes, jamaica, the middle income developing country with a population of under 3 million and best known for the tourism and music and island paradise and the visitors from all over the world, and it is also an island nation with one of the most abysmal debt burdens in the world. in the 2009/2010 fiscal year, jamaica's interest payments on the public debt were 45% of the government's expenditure which left hardly any room for spend on anything else. the government was fo
ben's a re/max agent, and he's a big part of this community. there are lots of reasons why re/max agents average more sales than other agents. experience, certainly. but maybe it's also because they care about the markets they serve and the neighbors who rely on them. nobody sells more real estate than re/max. we need to decrease federal spending. we need to decrease our deficit. the last thing we need is to >>> we are following a live debate on the house floor on speaker boehner's...
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today by a group of house freshmen with their announcing their support even though their plan is not as big as they wanted it to be, but a short time ago senate majority leader harry reid warned that the bill will be rejected in short order. >> as soon as the house completes the vote tonight or this afternoon, the senate will move to take up that message that they sent to us. it will be defeated. they know that. >> so, no word as of yet from the president today on the standoff. earlier today, press secretary jay carney said that any bill would have to absolutely extend the debt ceiling until 2013, and nbc's kristen welker joins me from the white house. also in the press briefing, jay carney said that the bill being worked on right now is d.o.a. when it reaches the senate. >> yes, that is right. hello, thomas. good afternoon to you. he said it is d.o.a. and 58 senators have said they will come out to vote against it and he reiterated the call that the white house is not going to get behind anything that is not a long-term increase of the debt ceiling. but you know, people have been pushing t
today by a group of house freshmen with their announcing their support even though their plan is not as big as they wanted it to be, but a short time ago senate majority leader harry reid warned that the bill will be rejected in short order. >> as soon as the house completes the vote tonight or this afternoon, the senate will move to take up that message that they sent to us. it will be defeated. they know that. >> so, no word as of yet from the president today on the standoff....
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doesn't only affect big investment banks or wealthy investors. all around the country ordinary americans with 401(k)'s and college savings accounts lost money yesterday. their life savings took a hit because a small group of radical republicans who don't represent mainstream america have refused to move even one inch towards compromise. yesterday'default will lock our financiarock -- will rock our fl system to its core. many republicans urge time is running out. they've urged their colleagues to compromise. yesterday on the senate floor john mccain, the republican senior senator from arizona, and president obama's opponent in the last presidential election, asked his own party to return to reality. it is not fair, he said, that the american people hold out and say we won't agree to raising the debt limit. he called the radical republican approach -- he called the radical republican approach saying "up is down and denying the sky is blue unfair and bizzaro -- b-i-z-z-a-r-o. he further said, "it's time we listened to the market. it's time we listen
doesn't only affect big investment banks or wealthy investors. all around the country ordinary americans with 401(k)'s and college savings accounts lost money yesterday. their life savings took a hit because a small group of radical republicans who don't represent mainstream america have refused to move even one inch towards compromise. yesterday'default will lock our financiarock -- will rock our fl system to its core. many republicans urge time is running out. they've urged their colleagues...
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a big vote coming this afternoon in the house. members will consider speaker john boehner's debt bill. but even if he can rein in tea party members to get it passed, 51 democratic senators vowed to block it. >> if this debate continues to be driven by the extremes, well, whether we go off the cliff august 2nd or go off the cliff at the end of the year, we'll be at the same place. >> i've got a little rebellion on my hands every day. it comes with the territory. >> you're not worried. >> never let them see you sweat. >> i think we'll end up in a stalemate. i anticipate that the boehner bill will get through the house today after he's pushed his folks kind of hard, and then it will be dead on arrival once it gets to the senate. >> of course, time is running out. default just five days away and things are getting so bad the u.s. treasury is now weighing which bills to pay if the country defaults. michael the correspondent for "washington post," and louise story, according to politico republican leaders are very prepared to say to the
a big vote coming this afternoon in the house. members will consider speaker john boehner's debt bill. but even if he can rein in tea party members to get it passed, 51 democratic senators vowed to block it. >> if this debate continues to be driven by the extremes, well, whether we go off the cliff august 2nd or go off the cliff at the end of the year, we'll be at the same place. >> i've got a little rebellion on my hands every day. it comes with the territory. >> you're not...
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washington can still get big things done. this is about continuing to have a strong economy and continuing to compromise and take maybe a couple chapters out of tip o'neill, bob michael, ronald reagan, president clinton, people that have served in this town with distinction and gotten big things done through compromise. >> shall house republicans said that they've already compromised and that's what the boehner bill is r, it is a compromise. >> i'll let jay do his job. i'm not here to take his job. i'm here to try and put forth the message that in one of the highest unemployment sectors in the country, are where we have friends and neighbors all over the country that are out of work during the construction season, they ought to go back to work. they shouldn't be held hostage. these projects shouldn'ten held hostage. and we have 4,000 faa employees through no -- hard working people who come to work every day and do their jobs. >> you can explain what the bottleneck is with the faa bill from your perspective? >> yes, certainly
washington can still get big things done. this is about continuing to have a strong economy and continuing to compromise and take maybe a couple chapters out of tip o'neill, bob michael, ronald reagan, president clinton, people that have served in this town with distinction and gotten big things done through compromise. >> shall house republicans said that they've already compromised and that's what the boehner bill is r, it is a compromise. >> i'll let jay do his job. i'm not here...
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. >>> plus those annoying and costly red light cameras, why one big city has decided to turn them off. >>> sports, sponsored by touch of gray, gets rid of some gray, never all. gray, gets rid of some gray, never all. act my age? -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you. to stay healthy. but did you know fiber choice can help support your overall well-being? every tasty tablet has prebiotic fiber from fruits and veggies... that lets your good bacteria thrive and helps support your immune system. fiber choice. an easy way to defend your health everyday. learn more about prebiotics and get a free sample at fiberchoice.com. the confrontation on board an american airlines flight that just landed here a few hours ago. he came to san francisco, and left in crutches. how alex trebek took things into his own hands, after his hotel room was burglarized. and just five days until the debt limit deadline. the impact
. >>> plus those annoying and costly red light cameras, why one big city has decided to turn them off. >>> sports, sponsored by touch of gray, gets rid of some gray, never all. gray, gets rid of some gray, never all. act my age? -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you. to stay healthy. but did...
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the big question mark, what does harry reid do once the bill reaches the senate. with me white house senior adviser david plouffe. nice to see you. let me start with any -- let me start with this. the president's veto threat when it comes to the boehner plan specific to the boehner plan, is it clear that the president is going to -- he wants to veto any process that doesn't raise this debt ceiling past 2012, is that really the veto threat here that is the line in the sand for the white house? >> well, let me explain why that's important, chuck. what the house republican plan would do is have this whole debt ceiling spectacle, three-ring circus the president talked about monday, repeated again a few months from now over the holidays. you know, the debt ceiling debate would ruin christmas. it makes no sense. it's harming our economy now. you would have this hanging over the country at one of the most economically important periods of our country around the holiday season. that makes no sense. what we need to do over the next few days -- listen, the reid plan has twi
the big question mark, what does harry reid do once the bill reaches the senate. with me white house senior adviser david plouffe. nice to see you. let me start with any -- let me start with this. the president's veto threat when it comes to the boehner plan specific to the boehner plan, is it clear that the president is going to -- he wants to veto any process that doesn't raise this debt ceiling past 2012, is that really the veto threat here that is the line in the sand for the white house?...
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i love politics because it's about big ideas, big reasons, about the kind of country you
i love politics because it's about big ideas, big reasons, about the kind of country you
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workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,00. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >> brown: but for the union it's in a sense fighting for some relevancy here, i guess, right? >> well, survival basically. there's two things the union needs to do. they need to get a contract that their members will accept. they also have to send a message to the foreign companies. they have been trying desperately to organize the transplants. toyota, honda, nissan, and, frankly, they've had no success. and they've tried this for decades and the new waub president bob king has made this a goal. if they don't organize the transplants they are forever going to be sort of sliding down
workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,00. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >>...
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. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of representatives today as speaker john boehner faced a key test of his leadership, four days before the u.s. government could face default. "newshour" congressional correspondent kwame holman begins our coverage. >> reporter: house republicans pushed forward with a vote today on the speaker's plan, even as the measure faced a white house veto threat and a firm wall of opposition in the democratic- controlled senate. boehner's plan would cut the deficit by $917 billion over the next decade by capping the budgets of federal agencies. the proposal would also raise the debt ceiling by $900 billion enough to allow the g
. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of...
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it is a big deal. the current course we're all, we will have added 15 trillion dollarsto $60 trillion over 12 years. if we can keep cutting $1 trillion over that deficit every 10 years, then in 150 years we can balance the budget. we can all come out of my 207th birthday and had a celebration. if we are able to raise it to $2 trillion over the next 10 years, it is even better news out all maybe one header 37 -- i will only be 137 years old. i know the hearts of the republicans i am serving with. did they want to do the right thing. they really do want to do what is right for the country. people are saying this is not the best place for a fight. let's wait and have the fight on the debt ceiling. now we are on the debt ceiling and we are told this is not the best place to fight. but wait until november of 2012. >> boo. >> we have never quit fighting. those who founded this country 1/3 supportednly the king because they were afraid of what free them may mean. about 1/3 did not mean anything. american chan
it is a big deal. the current course we're all, we will have added 15 trillion dollarsto $60 trillion over 12 years. if we can keep cutting $1 trillion over that deficit every 10 years, then in 150 years we can balance the budget. we can all come out of my 207th birthday and had a celebration. if we are able to raise it to $2 trillion over the next 10 years, it is even better news out all maybe one header 37 -- i will only be 137 years old. i know the hearts of the republicans i am serving...
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is too big to downgrade. we have heard the adage "too big to fail." but maybe the u.s. is too big to downgrade. as a reality, it will never default on its treasury obligations. all those discussions are being had a back-and-forth with snb. -- s&p. they have to consider along with moody's and fitch that there is talk of default, and to simply ignore that and not have a plan and thinking behind how they would react to that would be a mistake. that is what we want to happen from the last crisis. we want them to be open, honest, transparent and much more timely in terms of how they are analyzing these credits. i think that is happening. host: if the u.s. were at what point aa, could they reget the aaa rating? guest: there is talk about that, how difficult it is to reverse that position. quite honestly, it is in the hands of the congress to come up with something other than token, and pushing past the 2012 elections, any serious consideration of on the more meaningful package to get revenue and expenditures under control. it me be a process of showing progress, not just toke
is too big to downgrade. we have heard the adage "too big to fail." but maybe the u.s. is too big to downgrade. as a reality, it will never default on its treasury obligations. all those discussions are being had a back-and-forth with snb. -- s&p. they have to consider along with moody's and fitch that there is talk of default, and to simply ignore that and not have a plan and thinking behind how they would react to that would be a mistake. that is what we want to happen from the...
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the new college football season is nearly upon us. >> it's big. i understand the commodores have at least ten national merit scholars. >> laugh it up. laugh it up, joe. the college game day crew is gearing up as well. two members of the team, erin andrews and kirk herbstreit. >> this is earlier than we wake up. >> we're trying our best here. >> mika wanted me to ask you guys, how are the williams east in division three? >> down, actually. really good graphics. >> amherst. >> this is really good. two years ago you went there. >> isn't it beautiful? the purple valley. >> i understand you actually won the nashville? >> i live in nashville. we did a thursday night football game. you did saturday. >> big college. >> come on. >> very cute. >> let me tell you something, the feel on a saturday night, you better buckle up. >> their quarterback, though. you better watch out. a >> you laugh. you laugh. >> we'll take it. if we must, we'll talk about joe's school, alabama. how do they look this year? are they going to be back? >> they have five straight nation
the new college football season is nearly upon us. >> it's big. i understand the commodores have at least ten national merit scholars. >> laugh it up. laugh it up, joe. the college game day crew is gearing up as well. two members of the team, erin andrews and kirk herbstreit. >> this is earlier than we wake up. >> we're trying our best here. >> mika wanted me to ask you guys, how are the williams east in division three? >> down, actually. really good...
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but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker, and made -- it made for an interesting time to be a staff person. now, on another occasion he had a couple of raccoons bothering his -- on his property and they were bothering some -- a den of baby foxes and he didn't want the baby foxes to be killed by the raccoons so he took out a shotgun, went down to the end of his property and shot the two raccoons and then climbed this the car with his state trooper and headed off to work and of course described this exciting episode of his morning and the trooper said to him, governor, don't you realize that it'
but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker,...
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maybe a couple of days isn't a big -- as big of a deal. certain there treasury department is making plans at this point to figure out which bills are going to get paid and which ones will get pushed off. >> sounds like we are right back where we were yesterday. we will have to wait and see. senior congressional reporter with politico. >> always good to talk to a fellow terrapin. >> that's right. go terps. >> that's a turtle, is it not? >> tortoise. much larger and lives longer. >> excellent diversion from the conversation about the debt deal. all we can keep asking is what happen it is there is no deal? if i had a nickel every time we had to ask this question i would be able to pay the national debt. the white house insists president obama will not raise the debt ceiling by himself by invoking the 14th amendment. still a lot of folks out there are talking about this escape clause. that's because former president bill clinton and some house democrats say the president should use it if no deal is reached. what are we talking about here? this
maybe a couple of days isn't a big -- as big of a deal. certain there treasury department is making plans at this point to figure out which bills are going to get paid and which ones will get pushed off. >> sounds like we are right back where we were yesterday. we will have to wait and see. senior congressional reporter with politico. >> always good to talk to a fellow terrapin. >> that's right. go terps. >> that's a turtle, is it not? >> tortoise. much larger and...
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i don't see what the big -- it is a t-shirt. >> it's just a t-shirt. people at dollywood did say they're going to try to revamp their policy now in terms of clothing and what they allow. maybe some good will come out of this mess. >>> the cosmetics giant in the middle of an advertising controversy coming up. >> why these ads showing beautiful celebrities are being banned. [ female announcer ] it's a pad like no other. always infinity. while most pads contain fluff, always infinity is made with a revolutionary material, infinicel, that forms to your body and absorbs up to 60% more than kotex regular ultra thin. always infinity. ♪ come on vogue ♪ let your body move to the music hey hey hey ♪ ♪ come on vogue ♪ let your body go with the flow ♪ >> madonna to wake everyone else. >> yeah, there you go, voguing. >> that's right. >>> and finally, when it comes to beauty, sometimes we all need a little extra help. that's what makeup is for. >> amen. what about airbrushing? the british government is now cracking down on airbrushed ads featuring julia
i don't see what the big -- it is a t-shirt. >> it's just a t-shirt. people at dollywood did say they're going to try to revamp their policy now in terms of clothing and what they allow. maybe some good will come out of this mess. >>> the cosmetics giant in the middle of an advertising controversy coming up. >> why these ads showing beautiful celebrities are being banned. [ female announcer ] it's a pad like no other. always infinity. while most pads contain fluff, always...